Getting up close and personnel

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Thomas Bennett
7 years ago
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1 Getting up close and personnel

2 Martin Parry Nigel Simmons

3 Practice Background Started 2009 Chartered Association of Certified Accountants Seven staff 250 clients all small or medium sized businesses Management and business experience as well as practice experience

250 clients all small or medium sized businesses

4 Acconomy Current Catchphrases Proactive Accountant?? Trusted Advisor?? Create an annuity practice??

5 Acconomy

6 Old World Business Accountant

7 Old world attributes Once a year contact Can only report on history Limited scope for tax planning No value added Large proportion of fees error correcting Accounts software out of date

8 New World Accounts software Business Accountant

9 New world attributes Collaborative working Once a month/quarter update Error reduction & HMRC penalty regime Management reporting Tax planning Cost savings Value added

10 Scenario 1 Total outsourcing Business Activities Acconomy Activities Raise sales invoices Process purchase invoices Chase debtors Process expenses Submit expenses Reconcile bank Complete VAT return Produce management accounts Provide tax saving advice

Chase debtors Process expenses Submit expenses Reconcile bank

11 Scenario 2 Review & advise Business Activities Acconomy Activities Raise sales invoices Reconcile bank Chase debtors Complete VAT return Submit expenses Produce management accounts Process purchase invoices Provide tax saving advice Process expenses

Complete VAT return Submit expenses Produce management

12 Acconomy FreeAgent Xero Xledger Increasing business complexity

13 How has it changed Acconomy 95% of clients adopt a Virtual Finance Department approach More profitable - less invisible reworking More tax advice and related income generation

14 How has it changed Acconomy Proactive Accountant Trusted Advisor Annuity Income?

15 How has it changed Acconomy Annuity Income? Systems Implementation and support Annuity Income

16 For accountancy practices and their forward thinking clients Exploit the opportunities presented by the new world

17 Who are we? + A company with an excellent pedigree + Default supplier to Accountancy practices in Scandinavia + Over 5300 customers worldwide + Rapidly growing and profitable + Sustainable business model

18 What is Xledger? A cloud-based Accounting and Financial Management System designed for growing and dynamic organisations Highly scaleable application Pay as you use - software is charged on a monthly basis

19 A comprehensive system Financials Cash management Reporting Project accounting Timesheets Expenses Invoicing Scanning and OCR Electronic document archive Purchasing and Stock Drill Down Workflow XRM/CRM

Invoicing Scanning and OCR Electronic document

20 Big-system capabilities Integrated bank solution with automatic remittance, payments, reconciliation and account statement Sophisticated currency handling and multi-company functionality Automated business processes Business information dashboard

statement Sophisticated currency handling and multi-company

21 Run the business, not an IT company + Server hardware + Software + IT technical skills + Backups + Upgrades + Disaster recovery

22 What can Xledger do for you?

23 The old world Software version A Multiple Software versions Travel Data Client IT management Backups Upgrades Disaster recovery IT management Backups Upgrades Disaster recovery Accountancy practice Data Software version B Out of office? Travel IT management Backups Upgrades Disaster recovery Client

24 The old world Software version A IT management Backups Upgrades Disaster recovery Accountancy practice Multiple Software versions Travel Lots of wasted time Data Infrequent involvement Backward looking Client Data Low perceived added value Software version B IT management Backups Upgrades Disaster recovery Out of office? Travel IT management Backups Upgrades Disaster recovery Client

25 The new world Access from anywhere A real-time clear view of the business Payment process automation OCR Automated invoice management Accounting Head office Consultant Project Manager

26 Dashboard info

27 Dashboard info

28 Drill down to invoice

29 Analysis by area

30 Who contributes the most to your business

31 Profitability for time based projects

32 Profitability for non time based projects

33 Analysis by sector

looking and proactive High perceived added value

34 The new world Accountancy practice Far greater time efficiency Fast response to questions Forward looking and proactive High perceived added value Faster, better, quicker, cheaper Client Out of office Client

35 What s in it for you? An additional revenue stream Increased billing capability with same headcount Better client retention achieve the virtual FD model Attract new clients

36 Annuity Income in your first year Between 200 and 3000 per month After We have partners earning plus per month

37 Contact Martin Parry Tel Nigel Simmons Tel

Outsource Managed Services. An Introduction To. November 2010 Safe Computing User Conference

Outsource Managed Services. An Introduction To. November 2010 Safe Computing User Conference Outsource Managed Services An Introduction To November 2010 Safe Computing User Conference Agenda 1. Introduction What is Outsourcing? What can be outsourced? 2. Safe Outsourcing: Business Model & Market